Large Firms' Billing Rates Continue to Climb

Attorney billing rates shot up in 2007, with approximately three-quarters of the law firms that participated in The National Law Journal's annual survey boosting the amounts they charged for partner and associate services. At the same time, the average firmwide billing rates, which included partner and associate rates, climbed by 7.7 percent, while the firmwide median rates rose by 7.1 percent, compared to the firms that reported billing data in 2006.

Large Firms' Billing Rates Continue to Climb law.com Tue, Dec 11, 2007